Some bicycles are quite expensive. I'm pretty sure you could overhaul his entire E30 with all the money I spent on my bicycle:

Full carbon frame, new groupset with carbon fiber accents (not even real carbon fiber). And I'm close to $5k total spent on that bike since I got it new in 2010. The laughable thing is that in the road bike community this is considered entry level poor mans junk. Some dudes ride bicycles that cost an upwards of $15k.